Tag: Retirement Advantage
This follows positive feedback after last year launching its over 55 buy-to-let options range to allow landlords over the age of 55 to release cash from their property tax free, leaving their entire portfolio intact.
Under 45s are much more comfortable with the concept of debt in older age than those over 45, a trend that could ease the future retirement savings gap, Retirement Advantage has found.
The sessions, led by Retirement Advantage’s head of sales Les Pick and specialist account manager Vicky McDaid, are aimed at boosting equity release advisers’ engagement with the sector.
In the first quarter of 2018, 48% of Retirement Advantage’s customers took out equity release to make home and garden improvements.
The network is encouraging members to get clued up about the industry with training, while it has joined the Equity Release Council – meaning its member firms can do the same.
Many of the most cited barriers to using equity release products, such as to remain in control of a property and to be able to pass it on as inheritance are based on misconceptions, Retirement Advantage has claimed after carrying out a survey.
Legal and General Mortgage Club has launched later life lending courses for brokers, in collaboration with Retirement Advantage and Pure Retirement.
Some 18 first-time buyers a week took a step on to the housing ladder in 2017 thanks to family members taking out equity release loans, Retirement Advantage found.
Retirement Advantage’s ‘Home Is Where The Wealth Is’ report found that only one in three (35%) were likely to consider it, with 62% saying they were unlikely to.
Nearly one in four do not know whether their home is worth more than their pension, up from 5% last year.